Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 10,762,400 shares, a decline of 65.7% from the September 15th total of 31,411,900 shares. Based on an average daily trading volume, of 155,800 shares, the short-interest ratio is presently 69.1 days.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upgraded shares of Tourmaline Oil to a "moderate buy" rating in a research note on Thursday, August 1st.
Read Our Latest Report on Tourmaline Oil
Tourmaline Oil Trading Up 1.8 %
OTCMKTS:TRMLF traded up $0.85 on Thursday, hitting $47.40. 89,712 shares of the stock were exchanged, compared to its average volume of 48,037. The stock has a market capitalization of $16.68 billion and a price-to-earnings ratio of 12.62. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $53.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company's 50-day moving average price is $44.76 and its 200 day moving average price is $46.18.
Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.53 EPS for the quarter. Tourmaline Oil had a return on equity of 10.71% and a net margin of 25.15%. The company had revenue of $954.74 million during the quarter.
Tourmaline Oil Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a dividend of $0.259 per share. This represents a yield of 2.34%. The ex-dividend date was Friday, September 13th. Tourmaline Oil's dividend payout ratio (DPR) is currently 27.91%.
About Tourmaline Oil
(
Get Free Report)
Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.
Further Reading
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